"Advises and invests in technology and energy based companies and currently has a 2.5% stake in North Sea oil and gas company Faroe Petroleum.."
http://www.parkmeadgroup.com/parkmeadgroup/

"Mr. Tom Cross has become Executive Chairman. Mr. Cross has been a non-executive director of the Group since October 2006. He will take up office as Executive Chairman on 9 November 2010.
Mr. Cross is founder and Chief Executive Officer of Dana Petroleum plc, which is currently being acquired by the Korea National Oil Corporation in a deal worth approximately $3 billion dollars. He is a Chartered Director and petroleum engineer with extensive energy sector experience, spanning projects in more than 20 countries. In 2005, Tom was elected Chairman of BRINDEX, the Association of British Independent Oil Companies and he continues in that role. He is a Fellow of the Institute of Directors and has served as a Chairman of the Society of Petroleum Engineers and an advisor to BBC Radio on oil and gas affairs."

The Board of Parkmead reports that Mr Brian Wilson and Mr Faysal Hamza are retiring from the Board as Non-Executive Directors with effect from 21 December 2010.

Mr Wilson and Mr Hamza have served Parkmead with distinction, through a period of significant change in the Group, culminating with the successful acquisition and integration of Aupec Limited. They will continue to play a role within the Group in an advisory capacity.

The Board is also pleased to announce the appointment of Mr Philip Dayer and Mr Ian Rawlinson as Non-Executive Directors of the Group with effect from 21 December 2010.

Philip Dayer was a Non-Executive Director of Dana Petroleum plc from 2006 until its recent sale. Mr Dayer has over 20 years of public market and corporate finance experience.
Ian Rawlinson was also until recently a Non-Executive Director of Dana Petroleum plc, serving from 2005 until its sale in 2010.

per post 212 .....
is this cardboard to cardboard, dust to dust, ashes to ashes?

Pretty dire, I must admit.

Panmure Gordon today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and cut its price target to 95p (from 249p).

StockMarketWire.com
Parkmead has substantially narrowed its H1 pretax loss to GBP4.6m, from a loss of GBP17.0m. Revenue fell to GBP6.99m, from GBP10.12m. The comparative period included GBP12.9m of property, plant and equipment impairment.

Executive chairman Tom Cross commented:
"Parkmead has developed a new gas field at Diever West, in the Netherlands, following its successful discovery. This is delivering profitable gas production and important additional cash flow to the Group.

"We successfully brought this new gas field onstream within 14 months of discovery, which is an outstanding achievement.

"Parkmead is increasing the Group's overall gas production in the Netherlands through a low-cost, onshore work programme. This will act as a natural hedge to the current low global oil prices.

"We are delighted with our new additional licence award, in the West of Shetland region, which further increases the scale of Parkmead's oil and gas operations in the UK. West of Shetland is an area we understand well and has the potential to add major value to the Company.

"Parkmead is well positioned to take advantage of the lower oil price environment and the opportunities that are arising from this.

"We have excellent regional expertise, significant cash resources and a growing, low-cost gas portfolio. The Group will continue with its licensing and acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

finnCap today initiates coverage of Parkmead Group (The) PLC (LON:PMG) with a buy investment rating and price target of 80p

i keep saying so, but this company is and always has been a load of junk

Yes you have been consistent!
North Sea oil seems to have fallen out of favour, partly due to the oil price and partly due to the ever diminishing resources. The recent strikes by staff on some of the rigs hasn't helped either.
I have traded in and out in the past but am not a holder.

StockMarketWire.com
Parkmead Group has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea.

The Polecat and Marten fields are located in Blocks 20/3c & 20/4a within Licence P.2218. Parkmead has acquired a further 50% of Licence P.2218, and now operates the licence with 100% equity.

Parkmead initially secured its first 50% interest in these blocks as part of the UK 28th Licensing Round awards, where the Company won a total of nine new oil and gas licences covering 12 offshore blocks.

The Polecat and Marten fields lie approximately 20km east of the significant Buzzard field, and are located close to Parkmead's large Perth-Dolphin-Lowlander (PDL) hub project in the prolific Moray Firth area of the Central North Sea.

Polecat and Marten are two sizeable existing Buzzard sandstone oil accumulations, which are jointly estimated to hold over 90 million barrels of oil in place and over 33 million barrels of contingent resources.

Through this acquisition, Parkmead has increased the Group's total contingent resources by 39%, from 42.5 to 59.1 million barrels of oil equivalent.

Polecat and Marten could be highly valuable to Parkmead as, given their close proximity to PDL, they could be jointly developed as part of the Greater PDL Area project.

Polecat was discovered in 2005 and appraised in 2010. The 2010 appraisal well was flow tested at 4,373 barrels per day of good quality 32-degree API oil. The Marten discovery was made in 1984, encountering three oil bearing sandstones of Upper Buzzard age.

Parkmead benefits from the large amount of existing data on the block, gathered as a result of wells already drilled in the area.

My view

A loss making oil/gas company -£4.6M last Year with cash of £29.6M and market cap of £46.50M.
A bit speculative at the moment and only coz the one at the helm is well known for doing well on the past,
but a few years now there and not much happening so far, the oil price did not help by the way.
Share price 50p

StockMarketWire.com
Parkmead Group has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea.

The Perth and Dolphin fields are located across Blocks 15/21a, b, c and f & 14/25a in Licences P.218, P.588 and P.2154.

Through this growth step, Parkmead has increased its equity in these licences to 60.05%. The Perth and Dolphin fields, which are both operated by Parkmead, are at the core of Parkmead's major Perth-Dolphin-Lowlander (PDL) oil hub project.

Perth and Dolphin are located in the prolific Moray Firth area of the UK Central North Sea, which contains significant oil fields such as Piper, Claymore and Tartan.

Through a series of licensing round successes and strategic acquisitions, Parkmead has established an important position for itself in this area of the North Sea.

Perth and Dolphin are two sizeable Upper Jurassic Claymore sandstone accumulations that have tested 32-38o API oil at production rates of up to 6,000 bopd per well.

As a result of this latest move, Parkmead has increased the Group's total proved and probable (2P) reserves by 19% from 23.5 to 27.9 million barrels of oil equivalent.

This transaction follows Parkmead's recent acquisition of an additional 50% equity in the Polecat and Marten fields, announced on 10 August 2016.

Polecat and Marten have the potential to be highly valuable to Parkmead as, given their close proximity to PDL, they could be jointly developed as part of the Greater PDL Area project.

StockMarketWire.com
Parkmead Group has materially reduced its FY pretax loss to £6.4m, from a year-earlier loss of £30.8m.

Revenue was £10.4m, from £18.6m. The prior year was affected by £39.4m for cost of sales, versus £15.1m in the just-ended leg.

"I am pleased to report an excellent year of progress for Parkmead, despite the challenges of the low oil price environment," said executive chair Tom Cross in a statement.

"Parkmead discovered and brought onstream a new gas field at Diever West, in the Netherlands, within just 14 months. This field is delivering profitable gas production and important additional cash flow to the Group.

"Parkmead is increasing the Group's gas production in the Netherlands through a low-cost, onshore work programme. This acts as a natural hedge to low global oil prices.

"The Group's reserves and resources have significantly increased in 2016 through two licence acquisitions. Parkmead has strengthened its position around the important PDL oil hub in the UK North Sea.

"Our new licence awards in the 28th Round were an outstanding result for Parkmead, with 10 new offshore oil and gas blocks awarded to the Group. We are delighted with the new award in the West of Shetland region targeting two prospects, Sanda North and Sanda South. West of Shetland is an area we understand well and has the potential to add major value to the Company.

"Parkmead is well positioned to take advantage of the ongoing lower oil price environment, and the opportunities that are arising from this. We have excellent regional expertise, significant cash resources, and a growing, low-cost gas portfolio.

"The Group will continue to build upon the inherent value in its existing interests with a licensing and acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

finnCap today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and set its price target at 81p.

and i retain my view that this company is absolute rubbish, as borne out by the 5-year chart below

StockMarketWire.com
The Parkmead Group has marginally narrowed its H1 pretax loss to £4.5m, from a loss of £4.6m, although the underlying composition of that loss varied considerably between the periods.

"I am pleased to report significant progress in the period to 31 December 2016," said executive chairman Tom Cross.

"We have increased gas production from Parkmead's low-cost Netherlands portfolio through an onshore work programme, which has resulted in Parkmead moving into gross profit. This is an outstanding achievement for Parkmead at a time when global oil prices have remained low."

Revenue was down more than half to £2.7m, from £6.99m. It made a gross profit of £672,000, versus a gross loss of £4.1m. Cost of sales totalled £2.0m, from £11.1m.

In the just-finished period exploration and evaluation expenses totalled £2.4m, from £550,000. Administrative expenses were £2.4m, from a credit of £347,000.

Looking ahead, Cross said Parkmead was well positioned to take advantage of the ongoing lower oil price and the opportunities that arose from this.

"We have excellent regional expertise, significant cash resources, and a growing, low-cost gas portfolio.

"The Group will continue to build upon the inherent value in its existing interests with a licensing and acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

all above fully reflected in sp and performance over last 5 years

Ah, but fortunately the market is forward looking! ;o)

but not necessarily PM!

StockMarketWire.com
The Parkmead Group has nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Sea.

These two large Palaeocene prospects were both located within Block 205/13.

Through this accretive step, Parkmead has increased its equity in the licence from 56% to 100%.

The Sanda North and Sanda South prospects, which were both operated by Parkmead, had the potential to contain 280m barrels of recoverable oil on a most likely, P50 basis.

It said the licence covering Block 205/13 was originally awarded to Parkmead as part of the UKCS 28th Licensing Round, where it was awarded a total of six new oil and gas licences covering 10 offshore blocks.

Block 205/13 was situated in the Faroe-Shetland Trough in the West of Shetland region of the UK North Sea, to the north east of the Lancaster field.

StockMarketWire.com
The Parkmead Group has signed a sale and purchase agreement with Verus Petroleum (SNS) Ltd to acquire a 50% interest in UK North Sea Licence P.2209, taking its equity to 100%.

The licence contained the Farne Extension prospect and a further four prospective leads. Licence P.2209 comprised two adjacent blocks, Block 42/19 and Block 42/20b.

Parkmead currently said it had held a 50% interest in the licence, and "therefore this acquisition doubles Parkmead's equity to 100%."

The collection of prospects and leads within the licence, which was operated by Parkmead, had the potential to contain 175bn cu ft of gas initially in place on a most likely, P50 basis.

Completion of the acquisition was subject to normal regulatory approvals.

StockMarketWire.com
The Parkmead Group said annual losses narrowed after it focused its efforts on lower-cost operations in the Netherlands.

The company booked a net loss of £4.9m, narrowing from a £6.7m loss a year earlier.

Revenue more than halved to £4.1m, down from £10.4m, after the company shut-in its Athena oil field as part of a cost reduction programme.

Parkmead re-allocated capital to its low-cost producing gas fields in the Netherlands, helping to lower its cost of sales to around £3m, from around £15m.

"The directors of Parkmead are pleased with the group's continuing progress in building an energy company of increasing breadth and scale," executive chairman Tom Cross said.

"Parkmead has a balanced portfolio of licences, growing gas production and a strong oil and gas reserves base. Therefore, we believe Parkmead is well positioned to build further on the progress to date and to capitalise on new opportunities."